Published on 1 Aug 2023 on Simply Wall St. via Yahoo Finance
MakeMyTrip's (NASDAQ:MMYT) stock is up by a considerable 25% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to MakeMyTrip's ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
See our latest analysis for MakeMyTrip